What are the benefits to increasing the use of data?

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You are the director of the small, but instrumental, Research and Development (R&D) team responsible for all technology innovation within the company. The company has telematics sensors on its 65,000 vehicles that can capture speed, direction, braking, and drivetrain performance. Similar data is also obtainable from the company’s aircraft and sea vessels. The team has also discussed tracking warehouse activities; however, they are unsure as to what to track and how that data should be leveraged.✔Write a position paper convincing the company executives to increase the use of big data within the company. Ensure you address the following items:What are the benefits to increasing the use of data?What large companies have already invested resources into big data solutions? How have they fared?The increase in big data utilization will require a 15% increase in IT expenditures to expand the storage and processing power of the data centers. Justify this expense with examples.What are some other ways the company can collect data to increase operational efficiencies? Propose two areas where you believe big data analytics could benefit the company. Justify them with the literature.What are your security concerns in protecting the data? What data will you need to focus on keeping most secure?






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